Exxacon Smart Living, a leading property developer based in Málaga with a national presence, has closed its latest financial year with a turnover of 91 million euros, up 4.6 per cent on the previous year, having sold 322 homes during the financial year. The company has also increased its net profit to 12.2 million euros, compared with over 10 million in 2024, reinforcing the financial strength and profitability of its business model.
Specifically, it sold 178 primary residences, worth 60.2 million euros, and 144 second homes, worth 81.4 million euros. This balance between the two property types reflects the company’s ability to meet different demand profiles and consolidate its presence in strategic markets such as the Costa del Sol, Málaga city, Seville, Madrid, Valencia and the Costa Blanca.
The property developer currently has a portfolio of building land totalling 50,773 square metres, valued at 43.2 million euros, and has 18 active developments underway comprising 1,600 homes at various stages of development. This portfolio enables Exxacon to continue advancing its roadmap with a strategy of selective growth, focused on well-located projects with the potential to generate value.
Looking ahead to the coming financial years, Exxacon expects to deliver a total of 1,600 homes by 2029. The company has already sold 90.4 per cent of the units planned for 2026 and 67.4 per cent of those scheduled for 2027. Furthermore, it is maintaining a steady level of sales for the coming financial years, with 46.3 per cent of the units planned for 2028 and 44 per cent of those for 2029 already reserved.
This commercial visibility reinforces the roll-out of Exxacon’s growth plan up to 2032, which envisages a total investment of 860 million euros, mainly in Andalusia, with 294.3 million in the province of Málaga and 126.9 million euros in Seville. This is followed by the Community of Madrid, with 105.7 million, and the Valencian Community, with 107.5 million.
The company has a defined delivery schedule up to 2029 and a more predictable future revenue base. At the same time, it plans to allocate 100 million euros to land acquisitions between 2026 and 2029 to drive new developments in the markets where it already operates.
“These results stem from a strategy based on the rigorous selection of opportunities, in-depth knowledge of each market and meticulous execution. We grow through discipline, focusing on well-located, efficient projects capable of generating long-term value,” says Gastón Aigneren, CEO of Exxacon.
Elena Cuberos, managing director of Exxacon, adds: “The high level of commercial visibility for the coming financial years allows us to move forward prudently with our roadmap. In this new phase, collaboration with investment partners who share our vision will be key to driving new projects forward.” As part of its strategic plan, Exxacon has made progress in its strategy to bring new investors into the company’s capital through investment agreements, whilst maintaining its investment discipline, prudent execution and focus on long-term value creation.